Most specialties saw modest increases in compensation in 2003, according to the American Medical Group Association's 2004 Medical Group Compensation & Financial Survey. Cardiologists, dermatologists, gastroenterologists, and pathologists in particular, enjoyed the largest increases in compensation. Median salary for 2002 was $217,652. In 2003, the median salary reported was $237,101.
"Last year, we actually saw declines in compensation for some specialties, notably internal medicine (–1.8 percent) and emergency care (–1.4 percent). Fortunately, we did not see such declines this year, although the increases were very slight in many cases," says Donald W. Fisher, PhD, AMGA's president and CEO.
SOURCE: AMERICAN MEDICAL GROUP ASSOCIATION COMPENSATION & FINANCIAL SURVEY, 2004 REPORT BASED ON 2003 DATA